Filed under: Earnings/Financials,Government/Legal,Chrysler,Fiat

Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler was entitled to apply for Italy's state-backed loans because the automaker employs thousands of people in the country, even though its legal base is located abroad. The Italian-American group confirmed on Saturday its Italian unit was working with Rome to obtain state guarantees on a 6.3-billion-euro ($6.8 billion) loan facility designed to help Italy's automotive industry, comprised of approximately 10,000 small and mediContinue reading Fiat Chrysler seeks $6.8 billion state-backed loan in Italy

Fiat Chrysler seeks $6.8 billion state-backed loan in Italy originally appeared on Autoblog on Sun, 17 May 2020 11:00:00 EDT. Please see our terms for use of feeds.



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Isn’t that kind of a crazy amount though?

 

Not necessarily. I feel like for a company that big it might be a decent enough amount. I kind of am jealous that companies like that have it so easy when they are applying for a loan. I have had a lot of problems when I was younger because I did not have a strong enough credit history and it was really hard to apply for something that would not be a financial burden. I remember that it took me a while to actually manage to get a decent enough loan and it has been not on the best terms. Nowadays my brother who is also around 20 just went online, found this really cool website that kind of explains to yo how you an get a loan when you are this young (you guys can check it here: ) it is just so much easier and there is a lot of information available these days. I am really happy about that.

 

Huh thanks for the info